Marqyt: Brand protection framework
Reduce the number of counterfeit goods thereby increasing the profitability of original productions
CEO & Lead Blockchain
CEO of ITG group. In charge of smart reinvestment and start up scale up. Business development expert. 7 years experience in M&A and angel investment. Leader and motivator of the projecthas 8 years of combined experience in the development and management of large-scale projects.
Alumni of SSE, financial analyst.
Artur Geisari – is an alumni of Stockholm School of Economics in Riga, Latvia. Bsc, Economics, Business Administration, Financial Analysis, Financial Modeling. Founder and CEO of Monify - fintech start-up that provides some of the fastest and most flexible online SME loans in Europe. Has 10 years experience in financial modeling.
Consultant in distribution of medicine and parallel trade.
Consultant in distribution of medicine and parallel trade. 2018- Riga Stradins University- PhD studies- Business administration, health management. Thesis- Economical impact of parallel trade of pharmaceuticals on EU market. Job. 2018-currently JSC Recipe Plus- pharmaceutical wholesaler- job position trade
10 years of experience in legal transactions of a domestic and international businesses operating across the EU market. Focus on business development projects with aim to enter into single EU market via Latvia. Immigration support to investors, Blue card applicants, and other employees.
Supply chain specialist
Msc in logistics (transport system engineering). 10 years experience of international logistics. Being in charge of operational problem solving, region analysis and making, multimodal solutions, region development. Specialist of lean management and Kaizen System successful implementation. Official consultant and representative of higher education institution in Latvia.
- Crowdsale (60%)
- Team & additional investors (35%)
- Marketing expenses & partners (5%)
- Technical equipment for the company (20%)
- The team of MARQYT (20%)
- Reserve funds (15%)
- Operating expenses (12%)
- Marketing expenses (8%)
- Expenses for the development of the company (15%)
- Strategic partners (10%)
Cost of the token1 token for 0.07 $
Price without discounts
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Summary rate the project
What is Marqyt?
MARQYT is an innovative project based on the capabilities of blockchain technology, which is designed to solve the problem of counterfeit products in the production and consumer markets. Main objective of the project is to reduce the number of counterfeit goods, thereby increasing the profitability of original productions and clearing the market of low-quality counterfeit products.
Why someone should use Marqyt?
Using MARQYT, manufacturing companies will be able to track the movement of their products up to the sale to the final consumer. Manufacturers and producers registered in the system have the opportunity to enter information about their products in the Blockchain, and it will be then impossible to change or forge it. Such a solution is optimal and prompt one, because any physical methods of marking without reference to the global network are falsified today, and it is practically impossible to trace them.
What problem we are solving?
According to official data of the press service of the Organization for Economic Co-operation and Development (OECD), the turnover of imported counterfeit products was estimated at 461 billion dollars in 2013. Actual counterfeit turnover has increased by 80% since 2008. According to the data published in 2016 in the memorandum of the International Criminal Court, cumulative annual turnover of imported counterfeit products will amount to 1.9-2.81 trillion dollars by 2022, excluding economic and social costs.
What is demand for such tools ?
MARQYT will help companies reduce costs to combat counterfeiting, which is the first argument in its favor. In addition, it has also an ethical role in the pharmaceutical sphere of business, when the company cares about ensuring that its client receives a quality and effective product.
What are technical characteristics?
Hard cap MRQ tokens to be issued on the Ethereum platform will be 100,000,000. The value of one token will be 0.07 USD. In the course of pre-sale, investors will receive a bonus of 20% of the volume of purchased tokens. Bonus programme does not apply to the second stage of ICO.
How token will function?
MRQ token will be used exclusively within the MARQYT project. In order to register any object (goods, product or asset), it is necessary to use a certain number of MRQ tokens. For this purpose, tokens are purchased during ICO, acquired on the stock exchange or provided by MARQYT in rare cases. The token remains attached to the object forever. By purchasing MRQ token, the client reserves the "place" for the objects in the MRQ contract. The number of tokens required to register an object is set by MARQYT.
How the price of token will raise?
The value of the token will change proportionately with the level of development of the company; upon completion of the token sale in course of ICO, the tokens will be sold at the market price.
Functionality of token?
MRQ token will be used exclusively within the MARQYT project. In order to register any object (goods, product or asset), it is necessary to use a certain number of MRQ tokens.
How much tokens do I need to register goods?
The number of tokens required to register an object is set by MARQYT. It can depend on the value of the object, the level of protection and the value of token at the time of registration.
How tokens are purchased and used?
Tokens are purchased during ICO, acquired on the stock exchange or provided by MARQYT in rare cases. The token remains attached to the object forever. By purchasing MRQ token, the client reserves the "place" for the objects in the MRQ contract.
Can they be removed from system?
In case of completion of the cooperation, the objects can be deleted from the system. In this case the tokens are returned to MARQYT with the possibility of subsequent selling to, or implementation by, the other clients.
Who and how interact with the system?
MARQYT is a kind of guarantee of the quality of the goods that the producer/manufacturer provides to its customers. At the same time, the system acts as an intermediary in the communication of both parties. The producer/manufacturer or the distributor will be able to add data about the place of delivery of the goods, so the consumer will have the opportunity to be aware in advance where the original products are located.
Can we integrate in your system?
In order to create a new cell in the MARQYT database for a specific product and record data about it, the open API application layer protocol for data transfer will be used.
How client can be sure that system is correct?
It is physically and practically impossible to forge a unique code that is assigned to a particular product item, because this code is automatically removed from the Blockchain after selling, and all "copies" will be recognized as a counterfeit.
Apart from the fact that MARQYT provides opportunities to prevent product counterfeiting, blockchain partners will have access to the ready-made functionality for optimization and control of the assets.